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Old 01-12-2012, 11:19 AM
 
Location: Albuquerque
1,843 posts, read 2,894,850 times
Reputation: 1219

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In this case I'm the seller.
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Old 01-12-2012, 11:25 AM
 
28,461 posts, read 76,374,011 times
Reputation: 18546
I assume you are asking becuase the buyer wants 60 or 90 day close instead of 30.

Give it to 'em.

I would not allow the closing to extend to 120 days without a REALLY BIG earnest money deposit, but lots of evven decent lenders are not able to get all their ducks in row in 30 days now. If the buyer has otherwise been reliable I would be OK with a 90 day close and sufficient assurances that they are not trying to game something...
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Old 01-12-2012, 12:24 PM
 
Location: Albuquerque
1,843 posts, read 2,894,850 times
Reputation: 1219
Quote:
Originally Posted by chet everett View Post
I assume you are asking becuase the buyer wants 60 or 90 day close instead of 30.

Give it to 'em.

I would not allow the closing to extend to 120 days without a REALLY BIG earnest money deposit, but lots of evven decent lenders are not able to get all their ducks in row in 30 days now. If the buyer has otherwise been reliable I would be OK with a 90 day close and sufficient assurances that they are not trying to game something...
Buyer wants to close asap I'm told.
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Old 01-13-2012, 05:51 AM
 
Location: Wake Forest, NC
835 posts, read 3,767,851 times
Reputation: 649
Depends on the lender these days. I have some that are 1 day underwrite on purchases and other that are 2.5 weeks. 45 days should be the max to close a purchase in the worst case scenario with any lender.

Currently about to close a refi in 12 calendar days- clean file but it can be doen with some lenders.
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Old 01-13-2012, 08:02 AM
 
333 posts, read 949,201 times
Reputation: 192
With my lender I was told minimum of 20 days.
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